(Bloomberg) -- Hong Kong home sales rose to the highest level in at least 15 months in September, government figures released Tuesday show.
The number of homes sold reached 7,826 with a value of HK$56 billion ($7.2 billion), according to figures on the Hong Kong Land Registry's website. That's up from the 5,821 units that changed hands in August, with a value of HK$40.6 billion.
Demand from buyers has slowly recovered since home sales fell to a 25-year low in February, spurred by aggressive discounts offered by Hong Kong developers. They are also providing mortgages worth as much as 120 percent of a property's value.
To contact the reporter on this story: Frederik Balfour in Hong Kong at fbalfour@bloomberg.net.
To contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net, Darren Boey, Peter Vercoe
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